There has been published in the Official Journal of the EU the decision of the European Central Bank (ECB) of 20 November 2015 on the procedure to exclude staff members from the presumption of having a material impact on a supervised credit institution’s risk profile.

The Decision relates to the remuneration requirements set out in the CRD IV and lays down the procedural requirements for both the notification and the application for the prior approval that supervised credit institutions shall submit to the ECB in order to exclude staff members or categories of staff members from the presumption of being identified staff based on the quantitative criteria laid down in Article 4 of Delegated Regulation (EU) No 604/2014.

View ECB decision on the procedure to exclude staff members from the presumption of having a material impact on a supervised credit institution’s risk profile, 1 December 2015